Nassau: Cruise Port Chief In ‘Guarantee’ On Bond’s Success
Nassau Cruise Port’s ultimate parent has pledged to “guarantee” the success of its $130m bond issue by covering any capital shortfall that may exist when the offering closes at the end of this week. Mehmet Kutman, Global Ports Holding’s chairman, told Tribune Business via an Internet conference call that he will “chip in the difference” should investor demand be insufficient to raise the full amount. (tribune242.com)
